| Title |
Economy Of Communion, Human Capital And Sustainable Development Of Family Business |
| ID_Doc |
77866 |
| Authors |
Kopecki, D; Lulic, L |
| Title |
Economy Of Communion, Human Capital And Sustainable Development Of Family Business |
| Year |
2019 |
| Published |
Proceedings Of Feb Zagreb 10Th International Odyssey Conference On Economics And Business, 1, 1 |
| DOI |
|
| Abstract |
Up until the end of the 20th century, professional, scientific and business literature did not contain the religious dimension as a fundamental value for achieving sustainable development of family business. The emergence of the Economy of communion (EoC), the business model of a more equitable distribution of profits and responsibility for future generations paved the way for serious research into complex issues associated with the integration of religious perspectives into the substantive framework of the corporate world. In the knowledge society, natural resources and labour are no longer a fundamental economic resource, but it is human capital that serves as a means of creating new values and has become the main competitive advantage in the demanding market. The purpose of this paper is to achieve a better understanding of how the EoC can contribute to the sustainable development of family businesses by re-evaluating human capital and promoting intangible and spiritual values in the business process. The primary goal of this paper was to explore the new values of post-materials management (e.g., the culture of giving and consumption culture, gratuity, distribution of profits, ecology and responsibility for future generations) and their impact on the sustainable development of family businesses. Research has shown that companies of the EoC need to make changes in the field of human capital valuation in a way that work enhances the opportunity for professional development, dedication of each person to work and the opportunity for personal spiritual growth and development, and thus the sustainable growth and development of the whole society. In the context of the new values of post-materials management, profit and growth are not the ultimate goal of business activities, but elements of a wider circle of values. |
| Author Keywords |
economy of communion; human capital; corporate sustainable development; culture of giving; family businesses |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Conference Proceedings Citation Index - Social Science & Humanities (CPCI-SSH) |
| EID |
WOS:000630166400050 |
| WoS Category |
Business; Economics |
| Research Area |
Business & Economics |
| PDF |
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